Laredo Petroleum Q2 Earnings Miss Estimates - Quick Facts

(RTTNews) - Laredo Petroleum, Inc. (LPI) Thursday reported second-quarter net loss of $18.9 million or $0.13 per share compared with a profit of $35.81 million or $0.27 per share last year.

On an adjusted basis, the company earned $19.4 million or $0.14 per share. On average, 23 analysts polled by Thomson Reuters expected the company to report profit per share of $0.18 for the quarter. Analysts' estimates typically exclude special items.

Quarterly revenues rose to $183.04 million from $177.29 million a year ago, while analysts estimated it to be $189.59 million.